The warning bell for a correction has sounded: Bitcoin is likely experiencing its last pullback to the upside before starting a deeper correction. The chances of losing this zone are high. The next support levels are around 92,200, followed by 90,000 and 88,750.
Gold futures are displaying a bearish trend as margins compress alongside a price decline. This contraction suggests a short-term downside continuation, making it a crucial moment for traders to monitor levels for potential retracement or further drops. Key Observations: 1. Price Action: Gold is trading near the lower boundaries of a consolidation zone, with resistance levels firmly capping upward moves. 2. Compression in Margins: As margins tighten, the market indicates decreasing volatility, creating a conducive environment for strategic short positions. Hedge Opportunity: For traders holding long Gold positions, hedging against further downside risk is now a practical solution. My Gold/Silver Inter-Market Spread Trading PAMM account offers a robust strategy to manage exposure and optimize returns through inter-market hedging techniques. Feel free to reach out to learn more about how to diversify and protect your Gold investments with minimal risk. Reach out for more information on the Gold/Silver Ratio Hedge!
Pink represents structural resistance above which gold become bullish again and zone represents first sell area
JUV/USDT Trading Idea JUV/USDT is consolidating near a key resistance level, hinting at a potential breakout. The price has been forming a structure that suggests increasing momentum, which could lead to a strong move in the coming days. Key points: - JUV/USDT is trading close to a resistance zone that has been tested multiple times. A breakout could signal a bullish trend. - Monitor the trading volume closely; an increase during the breakout will confirm strong market interest. - Use momentum indicators like RSI to check for overbought or oversold conditions. Trading tips: - Wait for a confirmed 4H or daily candle close above the resistance level before entering a trade. - A retest of the breakout level as support provides a safer entry with reduced risk. - Always manage your trades with appropriate stop-loss and position sizing to minimize risk. This is an educational analysis, not financial advice. Always conduct your own research before making trading decisions.
Doge - key zone for long arounbg 0.33 Best long after SL hunt into key zone 0.33
U can now buy premier energy and support is 1200 and target up to 1500++
Accumulate under $3.2 - $1.26 Targets Points TP 1 : $5.2 TP 2 : $6.2 TP 3 : $9.2
The 4-hour chart for CAKE/USDT shows a consolidating price action within a descending channel, following a strong uptrend. The Alligator indicator lines (blue, red, and green) are showing tight convergence, indicating reduced volatility and a potential breakout. Key Levels to Watch Support: The price is approaching the $2.81 level, aligned with the 0.618 Fibonacci retracement. This is a critical level to maintain bullish momentum. Resistance: A breakout above the $3.59 level, which corresponds to the 1.618 Fibonacci extension, could confirm the continuation of the upward trend. Potential Scenarios Bullish Breakout: If the price breaks above the descending channel and surpasses $3.59, it could target higher Fibonacci extensions, signaling a renewed bullish trend. Bearish Breakdown: A failure to hold the $2.81 support could result in further selling pressure, leading to a retest of lower levels in the previous uptrend. Alligator Indicator Analysis The Alligator lines are acting as dynamic support and resistance. A clear price movement above or below these lines will likely determine the next significant direction. Summary Bullish Target: $3.59 (Breakout level). Key Support: $2.81 (Retracement level). Traders should monitor the breakout from the descending channel for confirmation of the next move. Disclaimer: This analysis is for informational purposes only and not financial advice.
Faysal Bank is going to cross level of 50 and likely to move to 56 and 60 levels. Note: This is not a buy/sell call. Use stop loss whenever trade.
In the 4-hour Bitcoin/USDT chart, the price remains within an ascending channel but is currently moving towards critical support levels. The $95,629 resistance level, located near the 0.382 Fibonacci retracement, plays a pivotal role in determining the trend. Breaking above this level could provide a strong bullish signal, while failing to hold above it may increase selling pressure. Key Support and Resistance Levels Key Support Level: The $92,466 level (close to the 0.786 Fibonacci retracement) acts as a major support. If this level is breached, the likelihood of a move toward the lower channel boundary increases. Key Resistance Level: The $95,629 level serves as the immediate and primary resistance, determining whether the uptrend will continue or pause. Alligator Indicator The Alligator indicator shows convergence of its lines, suggesting a weakening trend and the potential for a sharp price move. A drop below the Alligator lines signals bearish momentum, increasing the likelihood of testing lower support levels. Summary If the price holds above $92,466, a rebound and continuation within the ascending channel are likely. Breaking this support could intensify selling pressure, potentially driving the price lower. Analysts recommend closely monitoring price action around these key support and resistance levels. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.